FMG 1.91% $21.62 fortescue ltd

Ann: Iron ore price realisation guidance, page-83

  1. 203 Posts.
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    Slim, with respect, I no longer share your optimism. As a long term holder (and added several positions over many years) I have given management the benefit of the doubt regarding better days to come. And to be sure management have done some amazing stuff. Yet, patience has NOT been rewarded with the latest announcement that the discounting has in fact widened (contrary to what many folks here on HC were saying and what the company was saying just a few months ago). For the first time ever I am changing my sentiment to a SELL. GLTA.
 
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